The following stocks are the leading risers and fallers on AIM on Friday.
----------
AIM - WINNERS
----------
CEPS PLC, up 24% at 23.00 pence, 12-month range 15.00p-41.90p. The Bath, England-based investment company, which is focused on the industrial sector, posts interim revenue of £15.9 million, up 5.6% from £15.1 million a year prior. Pretax profit came to £1.2 million, up from £977,000 the previous year. Additionally, the firm ‘remains keen’ to recommence the payment of dividends, and said it now needs to build its revenue reserves to enable the board to consider either buying back shares and cancelling them, or alternatively paying dividends.
----------
AIM - LOSERS
----------
Next 15 Group PLC, down 48% at 427.50p, 12-month range 390.00-1,052.00. The London-based digital marketing firm says that a contract with Mach49’s largest customer has not been renewed after its initial three-year term and will now end this year. This contract had been expected to contribute just over £80 million of revenue in financial 2026, which means forecasts for that year will need to be adjusted. Additionally, the group has continued to see ‘an ongoing weakness in spend’ from its technology customers, as well as a reduction in revenue from its public sector clients. As a result of these factors and the contract ending which will impact the last month of the fiscal year, Next 15 now believes financial 2025 revenue will be lower than planned, and profit to be materially below management expectations.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
